The Impact of Globalization and the Internet Presents Real

The topic of globalisation has become a hotly contested debate over the past two decades. Indeed, the increased integration of international economies have led to be to some and benefits to others. These costs and benefits are a result of three effects of globalization, that is, expanded markets, cheaper resources or a combination of the two. Firstly, from the business perspective, one effect of globalization is that of expanded markets. This means that a business that had antecedently only sold its goods domestically can start selling products to other countries and this can increase their make headway potential.Secondly, another consequence of bilateral trade agreements is the access code to cheaper resources. Until the start of the 1990s, the Peoples Republic of China was largely unlikable off to the rest of the world. Many companies in the United States produced their goods either domestically or in areas with jolly less expensive labor. When China opened its market to the rest of the world, however, American companies were able to take prefer of the far cheaper labor.This is known as outsourcing. Cheaper labor contributes to cheaper costs, which in turn contributes to larger profits. Sometimes, but not always, this whitethorn also mean cheaper products and services. Finally, International development, as a consequence of globalization, arises out of a combination of two expanded markets as fountainhead as cheaper resources. A prime example of this is India. Before the late 90s, the study technology sector in India was largely in its infancy stage.However, coupled with an educated yet chinchy workforce, foreign companies were able to start subsidiaries of high tech activities in cities like Bangalore. This technological know-how spread to local anaesthetic firms, who in turn grew as a result of expanded markets both in India as well as the rest of the world. More and more organizations are getting hooked into the profits. They use the Internet to leaven and sell their products and services, provide customer support, deliver training, and share corporate information with clients, employees, and customers.Businesses have found that the Internet is a powerful tool to help keep their employees and customers connected. In Vietnam, many organizations know to take advantages of globalization and earnings to manage their operations. However, to survive in a competitive environment, they must understand in learning the strategic planning with the support of two above factors. Strategic planning is an organizations ferment of defining its strategy , or focusing, and making decision on allocating its resources to pursue this strategy.In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a fussy course of action. Generally, strategic planning deals with at least one of three key questions 1. What do we do? 2. For whom do we do it? 3. How do we excel? With the aid of Internet, firms can use high technology to access the external situation analysis, supplier markets and labor markets. In addition, they can easily find the database of competitors on the internet to design the attractive insurance and prices for their own companies.References list Wheelen, T. L. , & Hunger, J. D. (2012). Concepts in strategic management and business policy (13th ed. ). Upper Saddle River, NJ Prentice Hall. Myatt, M. (2011). The impact of globalization on business. Retrieved from http//www. n2growth. com/blog/the-impact-of-globalization-on-business/ Green , J. (2011). How Does globalisation Affect an Organizations Business Approach? Retrieved from http//smallbusiness. chron. com/globalization-affect-organizations-business-approach-20077. html